Balaji Telefilms has approved the continuation of Ms. Priyanka Chaudhary's tenure as a Non-Executive Director for five years, alongside the re-appointment of its internal and tax auditors for the financial year 2026-27. These decisions were taken during a Board meeting held on May 26, 2026, ensuring continuity in the company's leadership and financial oversight mechanisms.

The Board, based on the recommendation of the Nomination and Remuneration Committee, approved the extension of Ms. Priyanka Chaudhary's directorship. This approval is subject to the consent of shareholders at the ensuing Annual General Meeting and complies with Regulation 17(1D) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Ms. Chaudhary is not debarred from holding the office of Director by SEBI or any other authority.

In matters of financial auditing, the Board sanctioned the re-appointment of Ernst & Young LLP (EY) as the Internal Auditors for FY27. The firm, a global leader in assurance and consulting services, brings a team of over 300,000 professionals worldwide. Concurrently, Chhawchharia & Associates were re-appointed as the Tax Auditors for the same financial year, continuing their provision of comprehensive business solutions including auditing and taxation services.

Ms. Priyanka Chaudhary serves as the Senior Vice President at Reliance Industries, holding the dual role of Chief Operations Officer and Chief Financial Officer of Jio Studios. Her professional background includes leadership positions in finance and accounting at Grant Thornton, with a focus on the technology, media, and telecommunications (TMT) sector. She holds graduate degrees from the National American University, the Institute of Chartered Accountants of India, and the ACCA, UK.

The Board meeting, which commenced at 05.00 p.m. and concluded at 07:45 p.m., also addressed procedural disclosures required under Regulation 30 of the Listing Regulations. The company confirmed that Ms. Chaudhary is not related to any other Director on the Board.

Key Appointments and Approvals

Balaji Telefilms Limited has submitted the Monitoring Agency Report for the quarter ended March 31, 2026, to the stock exchanges. The report, issued by CRISIL Ratings Limited, reviews the utilization of proceeds from the Preferential Issue of Equity Shares conducted between January 25, 2025, and February 7, 2025. The company raised a total of ₹130.68 crore through this issue. The report was filed pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Monitoring Agency Findings

CRISIL Ratings Limited, acting as the Monitoring Agency, confirmed that there was no deviation from the objects of the issue. The proceeds were utilized in line with the disclosures made in the Notice of Shareholders dated December 19, 2024. The funds were allocated towards Movie Production, Music Rights retention and distribution, Movie distribution business, Digital content business, and General Corporate Purposes. No unfavorable events affecting the viability of the objects were reported, and the means of finance for the disclosed objects remained unchanged.

Utilization of Proceeds

The following table details the allocation and utilization of funds as per the report:

During the quarter, ₹18.03 crore was utilized, bringing the cumulative utilization to ₹35.33 crore by the end of the quarter. Movie Production accounted for the largest share of utilization, with ₹18.03 crore deployed during the quarter alone.

Deployment of Unutilized Funds

The unutilized proceeds totaling ₹95.35 crore have been deployed across various financial instruments. The company invested in corporate bonds and mutual funds, as detailed below:

Total earnings from these investments as of March 31, 2026, amounted to ₹7.07 crore, with a total market value of ₹102.42 crore. The company confirmed that none of the unutilized proceeds were encumbered during the reported quarter. The Monitoring Agency report is based on a management undertaking and a certificate dated May 06, 2026, issued by M/s S.S. Rathi & Co., Chartered Accountants (Firm Registration Number: 0108726W), Peer Reviewed Independent Chartered Accountants.